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and jon, you're doing a good job. so i like that you're actually -- >> is this a setup? >> no. there's no comma, but coming here. i like that you're already attacking the issue of finding the regulations that are not very useful anymore. and don't serve the purpose. so good job. that's exactly what my bill that's in a different committee wants every agency, independent agency, to do. and it's not -- it's to provide the flexibility and i want to talk to you, sorry, commissioner northrop. >> ann is fine. >> because we can sit here and say good job on cribs. but it's amazing to me that we're sitting here talking about bicycles and a.t.v.'s and large cars and trucks that, 6, 7, 8-year-olds play with but yet we're regulating them. so you have to admit, mr. adler, there's some absurdity to the law. do you agree with the rules and regulations -- >> i think that congress basically got the law right. and what you're talking about is a mandate that congress impose, not that the commission imposed. but there are always some portions of the law that need to be re-examined. and the issue yo
and jon, you're doing a good job. so i like that you're actually -- >> is this a setup? >> no. there's no comma, but coming here. i like that you're already attacking the issue of finding the regulations that are not very useful anymore. and don't serve the purpose. so good job. that's exactly what my bill that's in a different committee wants every agency, independent agency, to do. and it's not -- it's to provide the flexibility and i want to talk to you, sorry, commissioner...
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. >> stephen: jon stewart. (laughter) he's really funny. he's really funny. let me ask you, political writing from a decade without a name this past decade, you mean. >> it's a weird decade which in a way begins with 9/11 and i think ends on the fourth of november 2008 when barack obama was elected president. and i think the very different agenda comes because obama's election comes with a financial and economic crisis. and suddenly that whole narrative which is that we're living through the fourth world war, that world history for the next 20, 30 years will is all going to be about the battle with islamist terrorism t doesn't seem to be quite like that any more. >> stephen: what is the battle? where is the fourth world war? >> i'm not sure. let's hope there isn't the fourth world war but what i do think, i have an account in this book of a very extraordinary meeting with george w bush in the early summer of 2001. don't look like that. >> stephen: hi an extraordinary meeting with him too once. but go ahead. >> i want to hear about that. >> stephen: yes. >> bu
. >> stephen: jon stewart. (laughter) he's really funny. he's really funny. let me ask you, political writing from a decade without a name this past decade, you mean. >> it's a weird decade which in a way begins with 9/11 and i think ends on the fourth of november 2008 when barack obama was elected president. and i think the very different agenda comes because obama's election comes with a financial and economic crisis. and suddenly that whole narrative which is that we're living...
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presidential candidates coming in almost as soon as the jobs report came in from mitt romney, tim pawlenty, jon huntsman. on capitol hill, john boehner was asking a familiar question, a question he's been asking for years -- >> after hearing this morning's jobs report, i'm sure the american people are still asking the question, where are the jobs? the stimulus spending binge, excessive government regulations and overwhelming debt continue to hold back job creators around our country. tax hikes on families and job creators only make things worse. >> reporter: and, of course, democrats will say to john boehner, and they are saying to john boehner this morning, there are job creation proposals that democrats say they have pending up on capitol hill that they would like to see passed. of course republicans say the same thing, they have job creation proposal pending if only the democrats would come to the table. and at the white house press briefing the press secretary jay carney said one way to get jobs going is pass some sort of agreement to raise the debt ceiling and bring the debt under control.
presidential candidates coming in almost as soon as the jobs report came in from mitt romney, tim pawlenty, jon huntsman. on capitol hill, john boehner was asking a familiar question, a question he's been asking for years -- >> after hearing this morning's jobs report, i'm sure the american people are still asking the question, where are the jobs? the stimulus spending binge, excessive government regulations and overwhelming debt continue to hold back job creators around our country. tax...
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jon, you're doing a good job. so i like picture actually set up for this. >> there is no coming here. i like that you are already attacking assigning dean of regulations that are not very useful in the purpose. so good job. that's exactly what my bill in a different committee wants every agency. it is to provide the flexibility commissioner north. because we can sit here and say good job uncreated but it is amazing to me that we are sitting here talking about icicles and atvs and large cars trucks that, you know, six, seven and eight euros play with and donate. yet, we are regulating. so you have to admit mr. adler, there's some absurdity to the law. >> i think congress got the library. which you talk about is the mandate that the commission imposed. but there is always portions of the law. the issue you raised is one of those that we are actually taking a look. >> in regard to the absurdity of congress' mandate, by the way, i list this is one of those for that if i had to take that, we have really partnered on th
jon, you're doing a good job. so i like picture actually set up for this. >> there is no coming here. i like that you are already attacking assigning dean of regulations that are not very useful in the purpose. so good job. that's exactly what my bill in a different committee wants every agency. it is to provide the flexibility commissioner north. because we can sit here and say good job uncreated but it is amazing to me that we are sitting here talking about icicles and atvs and large...
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well, there is a reason that jon mccain and barack obama both voted for the bailout. it is not because of wall street. it is because the main street in the biggest car dealership in the country that stopped financing cars is about to get to the point where you could go to sears and buy any kind of appliance on credit. the financial system had to be saved. we don't want to go there again. so most people did know this. they said we hate these bailouts. the democrats passed a financial reform bill, which gave the government power over some transactions it did not have to stop excessive leverage, that is to stop companies from making too many investments they didn't have the cash to cover. traditional banks would own $10 for every dollar in cash. when bear stearns failed in his 30 to one. lehman brothers about four to one. that's what's really in a financial reform bill. and by the way, if somehow they get around this and fail again, nomar bailouts. here's an orderly procedure for bankruptcy in the management and shareholders have to beat the loss. in other words come the
well, there is a reason that jon mccain and barack obama both voted for the bailout. it is not because of wall street. it is because the main street in the biggest car dealership in the country that stopped financing cars is about to get to the point where you could go to sears and buy any kind of appliance on credit. the financial system had to be saved. we don't want to go there again. so most people did know this. they said we hate these bailouts. the democrats passed a financial reform...